Der Kreis: double-digit turnover growth again in 2021

Sales revenue generated by the kitchen-furniture manufacturer TCM Group A/S of Holstebro, Denmark, stagnated at last year’s level in the first quarter of 2022 at DKK281.4m (Jan.-March 2021: DKK281.1m), roughly equivalent to €37.8m. The company attributes the lateral movement partly to the high baseline after 10.6%...

In the fourth quarter of the 2021/2022 financial year (ending April), US kitchen and bathroom furniture manufacturer American Woodmark Corp. (Winchester, Virginia), recorded a year-on-year turnover increase of 6.0% to US$501.7m (Feb.-April 2021: 473.4m). Ongoing high demand still contrasted with cost increases for...

German furniture manufacturers continued to benefit from heavy demand until the end of May 2022. This did not significantly reduce in the rest of the first half-year the high order backlog carried over into the new year. Efforts to work off the orders by means of additional work on Saturdays  or, where possible, taking...